Listed here are a series of accounts that are numbered for identification. Accompanying this problem are columns in which you are to write the identification numbers of the accounts affected by the transactions described. You may use the same account in several answers. For each transaction, indicate which account or accounts are to be debited and which are to be credited. The first transaction is completed for you.
1. Cash
2. Accounts Receivable
3. Inventory
4. Equipment
5. Accumulated Depreciation, Equipment
6. Prepaid Insurance
7. Accounts Payable
8. Notes Payable
9. Paid-in Capital
10. Retained Earnings
11. Sales Revenue
12. Cost of Goods Sold
13. OperatingExpense

  • CreatedFebruary 20, 2015
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